Mumbai: The government on Wednesday extended the Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi’s term by 18 months.
“The Appointments Committee of the Cabinet has approved the extension of term of appointment of Shri Ajay Tyagi (HP:1984) as Chairman, Securities and Exchange Board of India (Sebi) by a further period of 18 months w.e.f 01.09.2020 up to 28.02.2022 or until further orders, whichever is earlier,” an order on the website of Department of Personnel Training said.
The government had earlier this year granted a six-month extension to Tyagi, ahead of the expiry of his three-year tenure on March 1. Tyagi took charge from his predecessor, U K Sinha, on March 1, 2017.
Tyagi, a 1984 batch IAS officer from Himachal Pradesh cadre, was additional secretary (investment) in the Department of Economic Affairs before he was appointed as the Sebi chairman.